“In LEO Innovation Lab, we have an innovation process that runs within 100 days—100 days from the point we have an idea to the moment we have a solution on the market.” LEO Pharma wants to become the world’s leading company for people with skin diseases. [ Bit.ly Link ]

In our latest podcast, McKinsey partner Santiago Comella-Dorda and master expert Gerard Speksnijder talk about how IT functions in large, complex companies can work to become more agile by better mimicking the actions taken by start-ups and digital-native organizations. Download it here: Android [ Bit.ly Link ] and iTunes [ Apple.co Link ]

Having IT by using software development means we need to retesting more gains to maintain our preference being met and to meet what we need by improving expectation and not only being agile but also being responsive to what we do care most is profit maximization.

Leaders of reorganizations typically fall into one of two traps when communicating with their employees: "wait and see" or "ivory-tower idealism." In both cases, employees will still assume the reorganization is about job losses. Here is a step-by-step approach to frequent, clear and engaging communication: [ Bit.ly Link ]

Not everyone understand the need of having the right communication with different people. That's why we want the ' right mind same mind ' but bear in mind we are individualistic too! Be understandable and cope in mind.

An incremental approach to reducing general and administrative (G&A) expenses can be a recipe for failure, our research shows. Companies that trimmed G&A by more than 20 percent in the first year of an initiative were four times more likely to have long-term success than those organizations that were more steady in their reductions. [ Bit.ly Link ]

"Even after roughly 30 years of applying lean principles across the entire value chain, there is still a tremendous amount of waste that we can capture," says partner Eric Hannon. He and senior partner Clarisse Magnin discuss how companies can benefit from the circular economy: Android [ Bit.ly Link ] and iTunes [ Apple.co Link ]

We surveyed buyers and frequent users of shared-mobility services across China, Germany and the US and found that they are not only willing to share personal data but would also pay for numerous data-enabled features. [ Bit.ly Link ]

Companies in all sectors need to brace for a new wave of disruption in commodities. Technologies, many having little to do with resources on the surface, are combining in new ways to transform the supply-and-demand equation for resources. Here's how to win the resource revolution: [ Bit.ly Link ]

It's an interesting and insightful read! The parting shot says it all: "On the positive side, the more efficient and thoughtful use of resources could be good for the global environment—and very good for innovative corporate leaders who accept the reality of this revolution and seize the opportunities it will unleash. The new watchword for all, literally, is to be more resourceful."

How do you make data analytics work for you? Best-in-class companies use the OODA loop to continually test their assumptions, processing new information more accurately and reacting to situations more quickly. Learn more about our eight principles: [ Bit.ly Link ]

Is that what we expect from McKinsey? Really? A few simple questions:
Is data could be purpose-driven? Data collection and data analysis could be, but not the data itself.
Does OODA differ than Deming's generic PDCA cycle? The entire concept is exactly the same.
By fragmenting a process, a set of KPI's could tell what stage should go up or down (speed, turnaround, ...). Analyzing individual cells could be misleading.
The list of questions on this article is endless!

Advanced data analytics is a means to an end. It’s a discriminating tool to identify, and then implement, an answer. That means the CEO and other top executives must be able to clearly articulate its purpose and then translate it into action—not just in an analytics department, but throughout the organization where the insights will be used. [ Bit.ly Link ]

"The problem for the CEO is how do you reward your employees for performance when you cannot observe inputs directly?" says Eric Maskin, Nobel laureate and Harvard professor. He and Eyal Winter, a leading behavioral economist, discuss everything from following your gut to mechanisms that encourage collaboration and foster innovation. [ Bit.ly Link ]

When Kone entered China’s elevator market, in 1996, the Finnish multinational was embarking on a journey of extraordinary growth. Today, the country provides around 35 percent of Kone’s annual revenue, which in 2015 hit €8.6 billion.

In this interview, Bill Johnson, the company's China head, shared his thoughts on China’s next phase of development, on the growth of services, and on the... View details ⇨

In this interview with McKinsey’s Rik Kirkland, Adam Grant, professor of management and of psychology at the Wharton School, University of Pennsylvania, discusses six practical secrets to being more original. [ Bit.ly Link ]

Agree with most of Professor Grant's insight. However, training poor judges of talent how to learn and adopt behavior of those who make good judgment of talent does not work. Because those instincts and qualities of a good talent spotter are hard to pin down let alone transferrable.